Q2 2024 Exlservice Holdings Inc Earnings Call Transcript
Key Points
- ExlService Holdings Inc (EXLS) reported a strong financial performance with a revenue of $448 million, marking an 11% year-over-year increase.
- The company achieved a 11% growth in adjusted EPS, reaching $0.40 per share.
- The Analytics segment delivered revenue of $194 million, up 6% year-over-year, driven by strong growth in healthcare payment services and data management.
- ExlService Holdings Inc (EXLS) announced the acquisition of ITI Data, enhancing its data management capabilities and expanding its client footprint.
- The Digital Operations & Solutions business saw a 14% year-over-year revenue growth, driven by strong performance in the Insurance and Emerging business segments.
- SG&A expenses increased by 230 basis points year-over-year to 20.5%, driven by investments in sales and marketing, generative AI, and restructuring costs.
- The company incurred $6.2 million in restructuring and litigation settlement costs in the second quarter.
- Adjusted operating margin for the quarter was 19.8%, down 20 basis points year-over-year due to increased SG&A investments.
- The Healthcare segment reported modest growth of 3.5% year-over-year, indicating slower performance compared to other segments.
- The company noted that the macroeconomic environment remains unpredictable, which could impact future performance.
Good day and thank you for standing by, and welcome to the second quarter 2024. EXL service Holdings, Inc. earnings conference. (Operator Instructions).
Once again, please be advised that today's conference is being recorded.
I would now like to hand the conference over to your first speaker for today, John Kristoff, VP of Investor Relations. John, please go ahead.
Thanks, Felicia, and hello and thank you for joining EXL's second quarter 2024 financial results conference call. On the call with me today are Rohit Kapoor, Chairman and Chief Executive Officer, and Maria Kelly, Chief Financial Officer. We hope you've had an opportunity to review the second quarter earnings release we issued this morning. We also have posted an earnings release slide deck and investor fact sheet in the Investor Relations section of our website.
As a reminder, some of the matters we'll discuss this morning are forward looking. Please keep in mind that these forward-looking statements are
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